Towards a Green Market Economy

Road freight transport in the EU currently only pays for its 50 billion Euro annual infrastructure costs. The remaining 90 billion Euro bill, resulting from so-called external costs (environmental, congestion and accident costs), is not paid by the transport sector but by the whole society. This is just one of the many examples of serious market distortions which are detrimental both for the economy and for the environment. The lecture will discuss these distortions and make suggestions how to eliminate them in a way which benefits the economy and the environment as well.

Andras Lukacs is President of the Clean Air Action Group (CAAG), Budapest.